Fortuna Silver Mines Inc. [FSM] is -34.36% lower this YTD. Is it still time to buy?


Fortuna Silver Mines Inc. [NYSE: FSM] stock went on a downward path that fall over -2.29% on Tuesday, amounting to a one-week price decrease of less than -3.76%. The company report on July 11, 2022 that Fortuna reports solid production of 96,712 gold equivalent ounces for the second quarter of 2022.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .


Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports solid production results for the second quarter of 2022 from its four operating mines in the Americas and West Africa.

Over the last 12 months, FSM stock dropped by -49.80%.

The market cap for the stock reached $746.59 million, with 291.64 million shares outstanding and 288.45 million shares in the current float. Compared to the average trading volume of 5.66M shares, FSM stock reached a trading volume of 4671547 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Fortuna Silver Mines Inc. [FSM]:

Canaccord Genuity have made an estimate for Fortuna Silver Mines Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 18, 2022. The new note on the price target was released on November 12, 2021, representing the official price target for Fortuna Silver Mines Inc. stock.

The Average True Range (ATR) for Fortuna Silver Mines Inc. is set at 0.20, with the Price to Sales ratio for FSM stock in the period of the last 12 months amounting to 1.24. The Price to Book ratio for the last quarter was 0.55.

FSM Stock Performance Analysis:

Fortuna Silver Mines Inc. [FSM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.76. With this latest performance, FSM shares dropped by -24.71% in over the last four-week period, additionally sinking by -28.89% over the last 6 months – not to mention a drop of -49.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FSM stock in for the last two-week period is set at 34.89, with the RSI for the last a single of trading hit 30.97, and the three-weeks RSI is set at 37.52 for Fortuna Silver Mines Inc. [FSM]. The present Moving Average for the last 50 days of trading for this stock 3.19, while it was recorded at 2.65 for the last single week of trading, and 3.76 for the last 200 days.

Insight into Fortuna Silver Mines Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Fortuna Silver Mines Inc. [FSM] shares currently have an operating margin of +26.13 and a Gross Margin at +33.56. Fortuna Silver Mines Inc.’s Net Margin is presently recorded at +9.60.

Return on Equity for this stock inclined to 5.45, with Return on Assets sitting at 3.72.

Fortuna Silver Mines Inc. [FSM] Insider Position Details

There are presently around $221 million, or 35.63% of FSM stock, in the hands of institutional investors. The top three institutional holders of FSM stocks are: VAN ECK ASSOCIATES CORP with ownership of 30,690,608, which is approximately 4.553% of the company’s market cap and around 0.63% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 13,036,580 shares of the stock with an approximate value of $34.16 million in FSM stocks shares; and EURO PACIFIC ASSET MANAGEMENT, LLC, currently with $9.96 million in FSM stock with ownership of nearly 4.652% of the company’s market capitalization.

59 institutional holders increased their position in Fortuna Silver Mines Inc. [NYSE:FSM] by around 13,618,581 shares. Additionally, 57 investors decreased positions by around 8,359,258 shares, while 37 investors held positions by with 62,423,318 shares. The mentioned changes placed institutional holdings at 84,401,157 shares, according to the latest SEC report filing. FSM stock had 19 new institutional investments in for a total of 938,643 shares, while 21 institutional investors sold positions of 1,405,144 shares during the same period.